FREQUENCY DISTRIBUTIONS ANALYSIS OF THE INVESTMENTS IN THE ART WORKS
Abstract
The article examines financial and investment potential of works of art in the international art market.
The objective of this study was to get a definite answer to the question of whether it is possible to trust such non-traditional objects
for the investment as artworks, art objects and artifacts. The author on the basis of statistical methods identified specific characteristics, which are used to analyze investments in art. The quantitative results are based strictly on the outcome of the empirical calculations, the implementation of which was carried on the most extensive to date array about financial transactions in the art market.
For the first time the variation of four interrelated features - the price of the first sale of an art work, the period of its stay in a collection, the price of the subsequent sale and, finally, the profitability of such investment - was subjected to the detailed statistical analysis. The main conclusion of the work becomes the evidence of a principally new quality of the prices achieved in the art resale.
About the Author
Valeria A. Kolycheva
Saint Petersburg State University
Russian Federation
(Saint Petersburg, Russia)
Russian Federation
(Saint Petersburg, Russia)
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Review
For citations:
Kolycheva V.A. FREQUENCY DISTRIBUTIONS ANALYSIS OF THE INVESTMENTS IN THE ART WORKS. Voprosy statistiki. 2017;(2):60-67. (In Russ.)
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